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every effort to contain real general government consumption at present levels and to manage the budget deficit with a view to its continuous reduction. similarly, we are agreed that a permanently higher general level of taxation is to be avoided. to achieve these important objectives will require consistent discipline on the part of both the central and the provincial governments. furthermore, this disciplined approach will ensure that we integrate the objectives of our reconstruction and development plan within government expenditure and not treat them as incidental to the tasks of government, marginalised to the status of mere additions to the level of expenditure. there are major areas of desperate need in our society. as a signal of its seriousness to address these, the government will, within the next 100 days, implement various projects under the direct supervision of the president. let me briefly explain these. children under the age of six and pregnant mothers will receive free medical care in every state hospital and clinic where such need exists. [applause] similarly, a nutritional f
every effort to contain real general government consumption at present levels and to manage the budget deficit with a view to its continuous reduction. similarly, we are agreed that a permanently higher general level of taxation is to be avoided. to achieve these important objectives will require consistent discipline on the part of both the central and the provincial governments. furthermore, this disciplined approach will ensure that we integrate the objectives of our reconstruction and...
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we have budget deficits that have improved but they have not disappeared and we have deficits in education and innovation and infrastructure that continue to widen. we know we need comprehensive tax reform, comprehensive immigration reform. there is a lot more for congress to do. so this deal doesn't solve all of our problems but i think it is an important step in helping to heal some of the wounds here in congress, to rebuild some trust and show that we can do something without a crisis right around the corner. and dom on straight the value in making our government work for the people we represent. so when all of this is done, i am very proud to stand with chairman ryan or anyone else who wants to work on this bipartisan foundation to continue addressing our nation's challenges. nothing is easy here but i know the american people expect nothing less. i want to take a minute to especially change chairman ryan. he and i do have some major differences. we cheer for a different football team. clearly. we catch different fish. we have some differences on policies. but we agree that our country
we have budget deficits that have improved but they have not disappeared and we have deficits in education and innovation and infrastructure that continue to widen. we know we need comprehensive tax reform, comprehensive immigration reform. there is a lot more for congress to do. so this deal doesn't solve all of our problems but i think it is an important step in helping to heal some of the wounds here in congress, to rebuild some trust and show that we can do something without a crisis right...
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the deficit cannot be cured by these big spending programs like health care, etc. and in my opinion, it sounds a lot like -- [inaudible] >> guest: i didn't get that, but -- >> host: all right, let us take a question from twitter. please explain why federal government has co-mingled social security and medicare with general budget funded by different systems. >> guest: well, social security is funded by a payroll tax, and part of ped care is funded by the payroll tax. the money is accounted for separately, but it is all part of the federal government. social security is, after all, a federal government program. the tax is a federal tax, and the benefits come out of the treasury. so, you know, it is important to account for it separately since we have a dedicated payroll tax for that purpose. but it is, you're, ideally -- you know, ideally we should be balancing the -- balance the budget at the moment, but ideally it would be good if we could say social security was completely off budget. and technically speaking, it is off budget. but as i said, it's money that come
the deficit cannot be cured by these big spending programs like health care, etc. and in my opinion, it sounds a lot like -- [inaudible] >> guest: i didn't get that, but -- >> host: all right, let us take a question from twitter. please explain why federal government has co-mingled social security and medicare with general budget funded by different systems. >> guest: well, social security is funded by a payroll tax, and part of ped care is funded by the payroll tax. the money...
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. >> a relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. >> the president on wednesday speaking at the center for american progress. he talked about invoking the fast food workers, liberal economists writing in the new york times responded by writing finally our political class has spent years obsessed which a fake problem worrying about debt and deficits that never pose a threat to the nation's future, showing no interest in stag nateing wages. mr. obama i'm sorry to say bought into that diversion. now, however, he is moving on. isaac, do you share that reading that paul had, two, three years ago, everybody in washington was old souls on a deficit reduction including the president, himself, now even president obama is showing publicly an inclination to show that warren style populism. >> i think the rhetoric has changed. just to go back to the last seg him, jonathan was saying the tea party has people in washington. there is elizabeth warren. i think if it's going to come, it's going to to him in the next few year
. >> a relentlessly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. >> the president on wednesday speaking at the center for american progress. he talked about invoking the fast food workers, liberal economists writing in the new york times responded by writing finally our political class has spent years obsessed which a fake problem worrying about debt and deficits that never pose a threat to the nation's future, showing no...
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but to end the deficit we need growth. economic growth. that's why we had surpluses at the end of the clinton administration, because we had growth. part of the reason the deficit is likely to come down the future to some degree is because the economy looks better over the longer term than we thought it was going to be. but you still have to make these tough political decisions. if the president had early on taken the bull sense proposal which is deficit reduction group that he had appointed and headed from the state of the union message okay they've given us this proposal. congress, go to work on it and get me a budget by july, six months from now. early in his career as president it might have changed the paradigm. >> one thing that was in the congressional in-box, you're going to tell us, may not be there any more. have they come to an agreement on the military appropriations. >> they have the national defense authorization has come an agreement. they announced they're going to fast track it to get it done before the house leaves at the
but to end the deficit we need growth. economic growth. that's why we had surpluses at the end of the clinton administration, because we had growth. part of the reason the deficit is likely to come down the future to some degree is because the economy looks better over the longer term than we thought it was going to be. but you still have to make these tough political decisions. if the president had early on taken the bull sense proposal which is deficit reduction group that he had appointed...
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the president has said the deficit should take a back seat to jobs right now. there are also tense negotiations over cutting hiking security fees. and lawmakers also talking about partially repealing the sequester spending cuts. proposals to extend jobless benefits for the long term unemployed have also hit a snag. the president says those benefits are critical for many families, and he pushed the gop on that issue this weekend. >> for many families, it can be the difference between hardship and catastrophe. last year alone, it lifted 2.5 million people out of poverty. and cushioned the blow for many more. but here's the thing. if members of congress don't act before they leave on their vacations, 1.3 million americans will lose this lifeline. >> did you hear that? there might have been a little shade there for republicans on the hill. they are giving themselves another long vacation starting friday. on the other hand, some conservatives now say opposing unemployment benefits is their way of helping the unemployed. >> i do support unemployment benefits for the
the president has said the deficit should take a back seat to jobs right now. there are also tense negotiations over cutting hiking security fees. and lawmakers also talking about partially repealing the sequester spending cuts. proposals to extend jobless benefits for the long term unemployed have also hit a snag. the president says those benefits are critical for many families, and he pushed the gop on that issue this weekend. >> for many families, it can be the difference between...
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get us growth slowdown going forward, we might not see the fiscal contraction of the deficit that we really need. essentially our spending habit 's have not changed that much. we have been in austerity for so long, it was a shame that it was not more structural change. >> what does it mean for sterling capitol when you look at the top 10 currencies. this is against the other nine. can its strength continue. >> it depends on the bank of england. if it threatens the inflation target of two percent, we have target. inflation and this could force the hand because the strong pound could all of a sudden having a real problem of their policy. now, there is a real threat of that sum will push this into deflationary territory. is that real concern for the bank of england? >> it is not on their forecasts at the moment that we have seen such a huge appreciation of sterling already. at 164 level does look very sticky. it will take a little to push us up there. if we were to see a 500 moving. >> thank you. we will get her thoughts on the ecb. >> fellow south africans, our beloved nelson mandela,
get us growth slowdown going forward, we might not see the fiscal contraction of the deficit that we really need. essentially our spending habit 's have not changed that much. we have been in austerity for so long, it was a shame that it was not more structural change. >> what does it mean for sterling capitol when you look at the top 10 currencies. this is against the other nine. can its strength continue. >> it depends on the bank of england. if it threatens the inflation target...
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more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with autopilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided budget agreement since 1986. the reason we haven't done one is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything she wants. [ inaudible question ] i think conservatives should vote for it. i expect we will have a healthy vote. i think we will pass this through the house. we're going to go first given our schedules. we will post this on our website this evening and we intend to bring it to the house floor later on this week. i have every reason to expect great support from our caucus because we are keeping our principles. the key here is nobody had to sacrifice their core principles. our principles are don't raise taxes, reduce the deficit. we also hav
more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with autopilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided budget agreement since 1986. the reason we haven't done one is because it's not easy to do. so we know we're not going to get...
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there is a third group of symptoms which we call the the cognitiveoms, deficits. those are problems with memory and problems of attention. sadly, we do not have good treatments for those latter two categories. we have treatments for hallucinations and delusions, medications at work quite well. but the other parts of this syndrome, the parts that are often even more disabling, we need to come up with much better treatments. that is part of why nih is so focused on developing both better diagnostics and better therapeutics for these kinds of illnesses. host: this tweet on the issue of mental health -- are there any other significant development being made in other countries? guest: it is a great question. recently, mental disorder research has become global. there is a lot of interest in global mental health, and that is not just from europe and australia. canada and increasingly in other parts of the world. the disorders we're talking about our global and not unique to the developed world. as a result, there have been some very interesting little-resource environme
there is a third group of symptoms which we call the the cognitiveoms, deficits. those are problems with memory and problems of attention. sadly, we do not have good treatments for those latter two categories. we have treatments for hallucinations and delusions, medications at work quite well. but the other parts of this syndrome, the parts that are often even more disabling, we need to come up with much better treatments. that is part of why nih is so focused on developing both better...
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in the fiscal year, the deficit as a percentage of g.d.p. dropped by 37%. there are still some challenges for the u.s. economy. but the current -- if the only thing congress does right now is to get out of the way, that itself would be progress. and that's our show for today on tuesday, the winners and losers in wall street annual bonus sweep stakes, in for ali valshi, thank you for joining us. [ singing ] >> a day of remembrance and celebrations. tens of thousands gather to honour the life of nelson mandela. >> hello, i'm here at the f.n.b. stadium in soweto, where the world is paying its respects to nelson mandela. >> hello, live from doha withage of the memorial service. more than
in the fiscal year, the deficit as a percentage of g.d.p. dropped by 37%. there are still some challenges for the u.s. economy. but the current -- if the only thing congress does right now is to get out of the way, that itself would be progress. and that's our show for today on tuesday, the winners and losers in wall street annual bonus sweep stakes, in for ali valshi, thank you for joining us. [ singing ] >> a day of remembrance and celebrations. tens of thousands gather to honour the...
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the mandatory spending programs, get a net deficit reduction package. if they can get that's a good deal. >> but they can't. of course you're right about the defense and buck mccann is right. if you look at the line, if you look at the base line, they're up 19% over the next bunch of years out the 2021 or something. 2014 they take another hit. i get that. however from that base it rises about 18 or 19%. that's pretty good. >> the other argument for getting the deal is that these discretionary cuts are written on paper. every congress can undo them. if you start changing the federal retirement program, it sticks. if you start changing aviation fees it sticks. if you change the mandatory programs like farm or spectrum rights they stick. you change the long term as well as the short term. it's worth trying to get a deal. not every deal is acceptable. the parties are very far apart on the big items. so if there's a small deal where you can get enough overlap and get each side to take some bad votes it's worth trying to get it done. >> let me go back to you
the mandatory spending programs, get a net deficit reduction package. if they can get that's a good deal. >> but they can't. of course you're right about the defense and buck mccann is right. if you look at the line, if you look at the base line, they're up 19% over the next bunch of years out the 2021 or something. 2014 they take another hit. i get that. however from that base it rises about 18 or 19%. that's pretty good. >> the other argument for getting the deal is that these...
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i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to get everything that she wants. >> what if they reject it. >> i think we'll pass there though the house. we'll go first given our schedules. we'll post this on our website this evening and we intend to bring it to the house floor later this week. i have every reason to expect great support from our caucus. we're keeping our key principles. no one here had to sacrifice their core principles. our princ
i'm getting more deficit reduction. so the deficit will go down more by passing this than if we did nothing. that's point number one. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were...
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expense of bryce is in fighting the new fighters stockpiles are growing and so was the government's deficit. it said to have reached a deal in dollars around ten percent off the nation's budget. some feel there is a strong need to change the political environment for this financial burden. it's not passed to his students generation. that is why he decided to join in the demonstrations along with his co the us. you see the government is injecting taxpayer money into its political base in rural areas women. government officials to change the way they spend our money. to be used to improve the lives of all the time people the day the day the more the one gal worked at the country's transport ministry the thirty six year old fisher writes history demonstrations during his lunch break. he says he fell extremely angry when the government tried to pass a bill that would pardon former prime minister talks to the feel of what's been sentenced to prison the person who's committed wrongdoing by many to reading votes in parliament should get off scot free. it's not acceptable. not in a country that sup
expense of bryce is in fighting the new fighters stockpiles are growing and so was the government's deficit. it said to have reached a deal in dollars around ten percent off the nation's budget. some feel there is a strong need to change the political environment for this financial burden. it's not passed to his students generation. that is why he decided to join in the demonstrations along with his co the us. you see the government is injecting taxpayer money into its political base in rural...
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over $140 billion of the deficit reduction efforts over the last couple of years have come from federal employees. >> and you represent a lot thoefz federal employees, so is that a deal breaker for you? >> absolutely. you cannot be asking federal employees to bear the share of the burden that they're asking for here as part of an agreement when you're not asking, for example, agri businesses that get huge taxpayer subsidies to have a contribution toward the deal. so we should be replacing the sequester. i've had a piece of legislation in to do that for three years. we've tried to get a vote on it and have been denied. but as we do that, you can't take this out on just one segment of individuals. you've got to have equitiy in this. so there are lots of things that are still up in the air as part of this negotiation. >> including unemployment benefits. and i want to play the republican argument from senator rand paul against an extension. here it is. >> a do support unemployment benefits for the 26 weeks that they're paid for. if you extend it beyond that, you do a disservice to these wor
over $140 billion of the deficit reduction efforts over the last couple of years have come from federal employees. >> and you represent a lot thoefz federal employees, so is that a deal breaker for you? >> absolutely. you cannot be asking federal employees to bear the share of the burden that they're asking for here as part of an agreement when you're not asking, for example, agri businesses that get huge taxpayer subsidies to have a contribution toward the deal. so we should be...
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in the fiscal year, the deficit as a percentage of g.d.p. dropped by 37%. there are still some challenges for the u.s. economy. but the current -- if the only thing congress does right now is to get out of the way, that itself would be progress. and that's our show for today on tuesday, the winners and losers in wall street annual bonus sweep stakes, in for ali valshi, thank you for joining us. homeowners, one minute home he is. what is going on. talk rabbiting numbers we have more homeless school age kids in america than ever before. >> right. >> so we have to have a whole new conversation about american
in the fiscal year, the deficit as a percentage of g.d.p. dropped by 37%. there are still some challenges for the u.s. economy. but the current -- if the only thing congress does right now is to get out of the way, that itself would be progress. and that's our show for today on tuesday, the winners and losers in wall street annual bonus sweep stakes, in for ali valshi, thank you for joining us. homeowners, one minute home he is. what is going on. talk rabbiting numbers we have more homeless...
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reducing the deficit by closing wasteful tax loopholes and making job-creating investments to spur economic growth. as we close out this year, i hope republicans and democrats can put aside our differences and work together to produce results for the middle class. mr. president, the presiding officer has served in the house. i've served in the house. ii'm fortunate to serve here in the senate. mr. president, when i first came to this body, democrats had their focus on what they thought the foundation of democracy was. the republicans did the same. they thought they knew the right thing to do. but you know, mr. president, we could never get what we wanted. each side couldn't get what they thought was the way it should be. so what did we do? we worked together and came up with compromises to move legislation forward. let's get back to where we were. that's what this body needs. so, i hope we can put aside our differences and work together like we used to. it's also time for republicans to work with us instead of against us to make the landmark health reform bill more workable. i remind my rep
reducing the deficit by closing wasteful tax loopholes and making job-creating investments to spur economic growth. as we close out this year, i hope republicans and democrats can put aside our differences and work together to produce results for the middle class. mr. president, the presiding officer has served in the house. i've served in the house. ii'm fortunate to serve here in the senate. mr. president, when i first came to this body, democrats had their focus on what they thought the...
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our next guest, oklahoma attorney general says if the challenge is successful, deficit spending could be reduced by $700 billion in the next decade he's here to explain it. oklahoma attorney general, scott pruitt. mr. attorney general, can you breakdown the law for us? >> good evening, sean. one of the things have you to recognize when congress pass add fordable care act, they recognized importance of the states in rolling out exchanges we see y they've not done a good job of it and knew they cannot commandeer or require the state to impose changes. the subsidy goes you through health care exchanges. 34 states came in and said no, irs said we'll fix that and says subsidies with exchanges. so our lawsuit is making sure the letter of the law is complied with >> but the law didn't say. that the law, in other words gave you the option, did it not? didn't say there would be penalties? >> right if there is no state health care insurance exchanges there are no subsidies. if there are no subsidies there are no penalties now, irs saying we're going assess the penalties whether state exchanges
our next guest, oklahoma attorney general says if the challenge is successful, deficit spending could be reduced by $700 billion in the next decade he's here to explain it. oklahoma attorney general, scott pruitt. mr. attorney general, can you breakdown the law for us? >> good evening, sean. one of the things have you to recognize when congress pass add fordable care act, they recognized importance of the states in rolling out exchanges we see y they've not done a good job of it and knew...
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it is not going to be deficit. there is no way for me to accept handout. you looke unemployed, for work. if they pay you less, take the less. it is better than taking the handout. some of the callers mentioned israel. and the jewish people hate that. that is the government of israel. taking that and putting that in their pocket. host: some of the money should be spent here at home to extend unemployment insurance benefits. do you think that is a good route to go? caller: that is a copout. somed states has to have helping hand. it doesn't has to go all to israel. it has to go somewhere to the people. they need, too. if they go to a welfare department, state department, the defense department, you will see that these people are charging $100 for a meal which costs $.50, and nobody is overseeing it. host: one last tweet from mark stone. that is going to do is for first 45 minutes. up next, john garamendi joins us to talk about the deal that was announced yesterday. and later, john engler will join us to discuss congressional gridlock and how it is impacting t
it is not going to be deficit. there is no way for me to accept handout. you looke unemployed, for work. if they pay you less, take the less. it is better than taking the handout. some of the callers mentioned israel. and the jewish people hate that. that is the government of israel. taking that and putting that in their pocket. host: some of the money should be spent here at home to extend unemployment insurance benefits. do you think that is a good route to go? caller: that is a copout. somed...
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trade deficit has exploded. since nafta and w.t.o., we have lost over five million of our manufacturing jobs, 40,000 factories gone and real wages down across the economy. in fact, true audit, our export growth to countries we do not have fast track trade agreements with is actually 38% higher than those with which we do have the fast track agreements. myth number three, every president since roosevelt has had t.p.a. warning, trick acronym. t.p.a. also is an acronym for trade promotion authority. the cynical renaming of fast track. reciprocal the trade authority act. and that is a mechanism president roosevelt had that only pertained to tariffs. yes, it is true from 1934, the reciprocal tariff act had tariff proclamation authority, t.p.a., totally different thing than the t.p.a. that equals fast track. truth, a handful of presidents since nixon has had fast track. and now for the politics. the question is, will this house of representatives give president obama this extraordinary authority to push through the tr
trade deficit has exploded. since nafta and w.t.o., we have lost over five million of our manufacturing jobs, 40,000 factories gone and real wages down across the economy. in fact, true audit, our export growth to countries we do not have fast track trade agreements with is actually 38% higher than those with which we do have the fast track agreements. myth number three, every president since roosevelt has had t.p.a. warning, trick acronym. t.p.a. also is an acronym for trade promotion...
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. >> everybody is focusing on cut the deficit. >> we're putting the money in the wrong place. >> we're honoring the legacy of nelson mandela today and the apartheid movement that he led. and it was built over time and you'll see the same thing happen with minimum wage. ten states, including washington d.c. have higher wages. >> let the states test it. >> obama administration care rebound. the president defended the affordable care racket act. he told the republicans if they have a better plan, let's hear it. >> if you don't like obamacare, and i know you don't, you should explain how exactly you would cut costs and cover more people and make insurance more secure. you to the morning people to tell us what you are for not just what you're against. >> is this a diversion tactic. >> yes, no question they would rather have the media focus on that the republicans don't have a plan. you had 29,000 people signed up which was more than all of us. a hundred thousand in november so they're much happier about the way it is going. but they would love it the if the media pointed out that the republ
. >> everybody is focusing on cut the deficit. >> we're putting the money in the wrong place. >> we're honoring the legacy of nelson mandela today and the apartheid movement that he led. and it was built over time and you'll see the same thing happen with minimum wage. ten states, including washington d.c. have higher wages. >> let the states test it. >> obama administration care rebound. the president defended the affordable care racket act. he told the...
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. >> so in personal deficits or not, especially if we have a national deficit, spending money on pell grants is a good investor -- a good investment for our tax payers? >> it is not spending, it's an investment. you are absolutely correct. >> thank you. >> thank you very much. >> i appreciate this opportunity. it's a fascinating conversation. i want to focus on the testimony of dr. robinson. hearing is important because it highlights the testimony of now moving as a away from a philosophy toward higher education that focuses only on access and starts to look at success. i'm a product of pell grants. i could not have graduated from wabash college without pell grants. i have lived the importance of these degrees great but the world has changed a lot in last 40 years. i would say the federal financial aid system is one of the great success stories in the history of the federal government. access, weal was provided access to higher education for people in this country like never before. the challenge is, when these programs started 40 years ago, access was enough. when you looked at the i
. >> so in personal deficits or not, especially if we have a national deficit, spending money on pell grants is a good investor -- a good investment for our tax payers? >> it is not spending, it's an investment. you are absolutely correct. >> thank you. >> thank you very much. >> i appreciate this opportunity. it's a fascinating conversation. i want to focus on the testimony of dr. robinson. hearing is important because it highlights the testimony of now moving as...
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i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going to get everything we want and she's not going to get everything we want. >>> all right. so there you have it. a major, major deal, words you don't often here in washington, d.c. right now. compromise. and as you heard paul ryan say, a step in the right drink, although there will be plenty of conservatives who won't be happy with this deal. there will be some liberals who won't be happy with it as well. it's still got to pass the house of representatives, pass the senate, go to the president for his signature. if it passes, there will not be a government shutdown in january. we'll be ri
i'm getting more deficit reduction. so the deficit will go down more than if we did nothing. point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending, that mandatory spending that has not been addressed by congress for years. look, this isn't easy. this is the first divided government budget agreement since 1986. the reason we haven't done a budget agreement since '86 is because it's not easy to do. so we know we're not going...
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it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin director of the american worker project for the center of political progress. >> and david, let me start with you. even though this morning's jobs numbers sound rea
it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin...
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Dec 5, 2013
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sex we are running less of a deficit. that is good news. what if you drill down and talk thet individuals? >> it is verge because of the wealth effect. rising. have been consumers are at the upper end of the spectrum and have been really getting the benefit of higher net worth. here is net worth as a percent of disposable income. we have seen very sharp improvement that is driving the spending we are seeing in the economy. >> in other words, the total net worth is 600% of what you make. if you make 100,000, you are worth 600,000? >> exactly. s&p is up. equities are up. general home price valuations are up. we have been covering a lot of the lost wealth. five years after the financial crisis, we have recovered a lot of the wealth. the dominant theme for spending in 2014. >> that is very good news. we have breaking news i want to share with you on time warner cable. we have reported a number of inle carriers are interested comcast communications. according to bloomberg news, time warner is said to likely accept a share offer between 150 and 1
sex we are running less of a deficit. that is good news. what if you drill down and talk thet individuals? >> it is verge because of the wealth effect. rising. have been consumers are at the upper end of the spectrum and have been really getting the benefit of higher net worth. here is net worth as a percent of disposable income. we have seen very sharp improvement that is driving the spending we are seeing in the economy. >> in other words, the total net worth is 600% of what you...
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working class people don't care about the deficit, they don't care about ending abortion. they need a paycheck so they can support their family. and to listen to republican politicians and the talking heads at fox news bad mouth working class people, come on. we already know that the republican party is the party of mitt romney. could care less about anybody less than $250,000. for the president to come out and make this speech is extremely wise politics, because it's what people care about and that's how you win elections. >> he's got to stay on it. the democrats have got to stay on it. i think this is a winning issue. mike, how do you get the republicans to get into this discussion? the president talked about that earlier this week. you know, the big elephant in the room is the other party that obviously has no plan, that obstructs everything. but we have to engage in this discussion. i mean, it would seem to me that people who go to town huh meetings with republican representation just take the vulture chart there. and say what's your remedy for this? what do you have o
working class people don't care about the deficit, they don't care about ending abortion. they need a paycheck so they can support their family. and to listen to republican politicians and the talking heads at fox news bad mouth working class people, come on. we already know that the republican party is the party of mitt romney. could care less about anybody less than $250,000. for the president to come out and make this speech is extremely wise politics, because it's what people care about and...
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Dec 8, 2013
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electric and deficit spending can find, how are you going to get a balanced budget? we don't like the current economy, what i going to do to get us to grow at the rate we ought to? coming out of this deep of recession, we will be growing five or 6% a year. we should be pulling back into the middle class. we will be solving a lot of our problems by just the sheer dynamics of a recovery. we are getting none of that right now. don't just tell me which are getting. don't know what you're for. i've been to all too many campaigns in the last 15 years that have been negative, eddie, personality oriented and they think they don't show the country well and i don't think will solve our problems with that approach. i hope you will read "breakout" but if you agree with me that this was an important concept inhibiting the people who think in that line in future, think about prison guards of the pass, we could really begin a dialogue that is future past and is very powerful in terms of bringing many people together who wouldn't know my think they were on the same side and i would
electric and deficit spending can find, how are you going to get a balanced budget? we don't like the current economy, what i going to do to get us to grow at the rate we ought to? coming out of this deep of recession, we will be growing five or 6% a year. we should be pulling back into the middle class. we will be solving a lot of our problems by just the sheer dynamics of a recovery. we are getting none of that right now. don't just tell me which are getting. don't know what you're for. i've...
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Dec 11, 2013
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challenges we have here in the congress on our budget, on paying down our debt, on reducing our annual deficit, on procedural measures, how to run this senate and work more effectively on behalf of the people of all of our states, there's some really good news in north dakota, in south dakota, texas, louisiana, and other states that are experiencing really very low numbers of unemployment because the jobs are plentiful. what our challenge is just to comment briefly, what our comment -- challenge is is actually training the work force that we're going to need to fill all the jobs that we have. and these are very good-paying jobs. some starting at $40,000 or $60,000 a year, construction, welders, going up to $125,000, some of them are temporary but many of them will be permanent. so i hope we can resolve this unemployment issue. however, in states like the senator from rhode island, unfortunately, he and about 20 other states have very high unemployment. i think in some states it might still be over 9%. and they're chronically unemployed just because of the competition of globalization and other
challenges we have here in the congress on our budget, on paying down our debt, on reducing our annual deficit, on procedural measures, how to run this senate and work more effectively on behalf of the people of all of our states, there's some really good news in north dakota, in south dakota, texas, louisiana, and other states that are experiencing really very low numbers of unemployment because the jobs are plentiful. what our challenge is just to comment briefly, what our comment --...
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Dec 6, 2013
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robust is a healthy and urbanization, but we did have a deficit. one of the challenges to address was to know longer have a deficit. it created an entity that would enable a structure that would enable one to receive money, and those who gave money to get tax deductions was key. so we got a new irs status, c3 charitable foundation, and we also received chi museum.s the nogu prior to that, the noguchi foundation which was the museum was a program of. >> how would you describe the work of noguchi to those are not familiar with this culture or art? york, mother was from new his father was japanese. he called himself a global artist at the time. it was before the motions of multiculturalism and biracial. he was born in 1904. he was extraordinarily prolific in that he worked in parks, landscapes. he was a precursor to all of the artists that went on to be known as earthwork artists. he did parks, playgrounds, theater curtains, theater sets. he had an association with martha graham for 50 years. many people do not realize the big stainless steel piece in
robust is a healthy and urbanization, but we did have a deficit. one of the challenges to address was to know longer have a deficit. it created an entity that would enable a structure that would enable one to receive money, and those who gave money to get tax deductions was key. so we got a new irs status, c3 charitable foundation, and we also received chi museum.s the nogu prior to that, the noguchi foundation which was the museum was a program of. >> how would you describe the work of...
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the governor has signed landmark legislation that includes cutting benefits to cover a $100 billlion deficit. unions are planning a fight. and starbucks is out with a fancy shmancy metal gift card...that costs $450 dollars. it goes on sale at noon est today at gilt.com. only 1,000 are available. tim mulholland of china america capital joins us now from the trading floor he's getting set for the jobs number coming out today. will we see jobs on the rise? > >given the adp report, the gdp report, the initial claims earlier this week and yesterday i think expectations are for a strong number. so that's what the market's expecting. i think an expected number of 185 will be considered good. if it's a stronger number than expected, above 200, bonds sell off in this anticipation of tapering. but i think we're still along ways off of that. i also think we need to consider if it's a weaker than expected number i think that fears of any early tapering are off the table and maybe we'll be off to the races again in the equity markets will continue quantitative easing and stimulus in the market. > >what e
the governor has signed landmark legislation that includes cutting benefits to cover a $100 billlion deficit. unions are planning a fight. and starbucks is out with a fancy shmancy metal gift card...that costs $450 dollars. it goes on sale at noon est today at gilt.com. only 1,000 are available. tim mulholland of china america capital joins us now from the trading floor he's getting set for the jobs number coming out today. will we see jobs on the rise? > >given the adp report, the gdp...
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Dec 10, 2013
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there would not be this unrelenting focus in washington on more spending cuts at a time when the budget deficit has been rapidly shrinking. so, as we prepare to close the books on the first year of what is on track to go down as the least productive congressional year in history, it's time to ask, despite all of its many faults, whether the tea party has been a boom to conservatism in america? karen finney, host of "disrupt" weekends on msnbc, and sam seater, host of the online political talk show and podcast "majority report," and david zeroda. karen, what do you think, has it been good or bad for conservatism, the tea party, and not good or bad for the country. i think everyone at this table agrees it's bad for the country, really bad for the country, terrible, destructive in all the way as talk about all the time, but good or bad for the conservative movement? >> bad, because particularly if you think about the 2014 election, that election is going to be nationalized. and the problem when you have a nationalized election is you have to have a unified message. they don't have that. the conser
there would not be this unrelenting focus in washington on more spending cuts at a time when the budget deficit has been rapidly shrinking. so, as we prepare to close the books on the first year of what is on track to go down as the least productive congressional year in history, it's time to ask, despite all of its many faults, whether the tea party has been a boom to conservatism in america? karen finney, host of "disrupt" weekends on msnbc, and sam seater, host of the online...
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Dec 10, 2013
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the deficit is going to come down because outlays are frozen and receipts look pretty good. the bigger story is that all this confusion in the markets and corporate america, among investors over fiscal policy, i think, now gets eliminated for a nice stretch, maybe a year and a half, without everyone having to worry about a shutdown or a debt ceiling crisis. that's a good story. >> yeah, that is a good story. is this deal going to get through the house easily? what's going to happen with the tea party members? >> nothing gets through the house easily. it will be a tough one, ross, as we get through thursday and friday. there will be a lot of tea party members .some democrats who don't like another hit on federal employees who can balk. but i think the majority, which will be boehner and the republican leadership with pelosi and most democrats, that coalition that we've seen a couple of times already this year, i think, will prevail on friday and we'll get a deal. >> okay. which as you say would take pressure away from us heading into 2014. does that take away one other potent
the deficit is going to come down because outlays are frozen and receipts look pretty good. the bigger story is that all this confusion in the markets and corporate america, among investors over fiscal policy, i think, now gets eliminated for a nice stretch, maybe a year and a half, without everyone having to worry about a shutdown or a debt ceiling crisis. that's a good story. >> yeah, that is a good story. is this deal going to get through the house easily? what's going to happen with...
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this is not about the big things that really are making the deficit and debt so big. but it is small and anything small that is bipartisan these days will take, right? there are a couple things holding it up. >> what are the sticking points? >> unemployment benefits. long term unemployment benefits are going to run out soon. democrats in both chambers but particularly the house are really holding out because they want either this to be part of the budget deal or to use it as leverage to make sure that they have a promise to extend the unemployment benefits. another thing that may seem a little parochial but is a big deal to senior democrats who represent maryland suburbs of d.c., a lot of federal workers, is that part of the deal is -- would force federal workers to pay more for their pensions. that's something that steny hoyer and others are saying they don't like. that probably won't hold it up as much. then you have the conservative side. they just don't like this to begin with because they don't like the idea this would do away with the forced across the board spe
this is not about the big things that really are making the deficit and debt so big. but it is small and anything small that is bipartisan these days will take, right? there are a couple things holding it up. >> what are the sticking points? >> unemployment benefits. long term unemployment benefits are going to run out soon. democrats in both chambers but particularly the house are really holding out because they want either this to be part of the budget deal or to use it as...
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Dec 10, 2013
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. $23 billion is left over and that is what will go to deficit reduction as part of this deal. there is deficit reduction in the tax increase -- there is no reason why they would support it. the government, they want to come together and he did so here, to forge a bipartisan agreement and now it is up to the lawmakers to pass out. gerri: thank you for coming on with that. thank you for coming on. >> by the way, started there and not tomorrow. that was the official start of. [laughter] gerri: okay, thank you. a new study is out showing who pays what on average people got more than they put in. now we want to know what you think. here's her question tonight. log onto gerriwillis.com and vote on the right-hand side of the screen and i will share the result at the end of tonight's show. it is the holiday season. the last thing they want to do is think about taxes and tax planning. but you're going to want to hear about this. we are here to help you get ready with a users guide to taxes on your ultimate guide to year-end tax moves. today we are going to tell you moves you could make
. $23 billion is left over and that is what will go to deficit reduction as part of this deal. there is deficit reduction in the tax increase -- there is no reason why they would support it. the government, they want to come together and he did so here, to forge a bipartisan agreement and now it is up to the lawmakers to pass out. gerri: thank you for coming on with that. thank you for coming on. >> by the way, started there and not tomorrow. that was the official start of. [laughter]...
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there's a gaping trust deficit. that's the point of view of republican and democratic lawmakers. you can't trust iran and you have to keep adding to economic pressure on regime even while the deal is under way. that that's the only thing that's going to keep them honest. the administration's response is sort of an odd modification on the old trust but verify with the soviets. kerry said it's not trust but verify, it's verify and verify. they say they're going to monitor this deal and any minor sanctions relief they're doing is easily rolled back if iran doesn't abide by any of its commitments under this agreement. >> so jim, that really is the point. i mean, the administration says this is rolling back some sanctions in a minor way as an incentive to iran to follow through on the geneva deal. what is it that members of congress are against here? why not give it a chance? it's easily fixed. why make it tougher and perhaps frighten them off? >> that's the argument. it's an interesting situation here because you have the american president and the iranian president making the same a
there's a gaping trust deficit. that's the point of view of republican and democratic lawmakers. you can't trust iran and you have to keep adding to economic pressure on regime even while the deal is under way. that that's the only thing that's going to keep them honest. the administration's response is sort of an odd modification on the old trust but verify with the soviets. kerry said it's not trust but verify, it's verify and verify. they say they're going to monitor this deal and any minor...
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i mean you look at this budget bill, it's not deficit reduction, there's no cuts in entitlements, there's no closing corporate loopholes. we're really just in a holding pattern here. >> lois romano, e.j. dough a jj thank you both. >>> if you read only one thing this morning, say it isn't so. the rules and regulations are out for the super bowl and partiers take note. no tailgating. now you can eat and drink in your car, you can stand outside your car if you stay within the lines of your parking space but that's it. and wait until you read what kinds of cars will and won't be allowed in the parking lot. it's my must read. it's up on our facebook page, where a common theme from you has been there's an easier way. mary barnett wrote why not a super bowl party at home and then you can eat and drink as much as you want? true enough. let us know what you think. head to facebook/jansingco. which rewards her for responsibly managing her card balance. before receiving $25 toward her balance each quarter for making more than her minimum payment on time each month. tracey got the bankamericard bette
i mean you look at this budget bill, it's not deficit reduction, there's no cuts in entitlements, there's no closing corporate loopholes. we're really just in a holding pattern here. >> lois romano, e.j. dough a jj thank you both. >>> if you read only one thing this morning, say it isn't so. the rules and regulations are out for the super bowl and partiers take note. no tailgating. now you can eat and drink in your car, you can stand outside your car if you stay within the lines...
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western capitals quite the opposite so i think the european union has it's got a massive democratic deficit they're calling policies austerity policies we don't have support they don't have us for majority and you know what your dad. to say to ukrainian government look you've got to change course because there's people in the streets in here it's absolutely outrageous it's one democratic it's unbelievable really it's all well again neil clark broadcast from god of us paper contributor thank you ever so much for being on the line nice to see you tonight very scary or ruling party officials meantime are urging the protestors to go home saying their blockade of administrative buildings is preventing the approval of the twenty fourteen budget that could have an impact on state salaries and pensions across the country so far there's been no sign of the rallies abating however this is thousands of pro-government activists descended on the capital in towns across the east of the country to make their voices heard recent polls suggest ukraine is sharply divided on the issue of integration e.u. inte
western capitals quite the opposite so i think the european union has it's got a massive democratic deficit they're calling policies austerity policies we don't have support they don't have us for majority and you know what your dad. to say to ukrainian government look you've got to change course because there's people in the streets in here it's absolutely outrageous it's one democratic it's unbelievable really it's all well again neil clark broadcast from god of us paper contributor thank you...
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current account deficits since 1999 shows the trend and the discovery of new domestic sources of oil and gas, it reinforces this issue. the country is spending less on imported energy." you can read the full story on bloomberg's website. the front page of "the pittsburgh post-gazette" -- a look at some of the victims from one year ago and a story that will likely get a lot of attention in the week ahead. this is from "the detroit free press" -- you can get more information by logging on to freep.com. next is robert from massachusetts. decline andre in the reason is because we, as a viewed -- when the world our opinion not to go to war, we would not go with our allies. we are ia country that has of thed because one world sees our moral fabric has declined, that is a decline any way. when bush stole the election world looked the --it is not a has way we go about the world. said we havellers the most disrespected presidents. how does the worldview that? it is a holy mentality. then you look at what happened in wall street, the greed that is going on. this is all that. we are meddling in
current account deficits since 1999 shows the trend and the discovery of new domestic sources of oil and gas, it reinforces this issue. the country is spending less on imported energy." you can read the full story on bloomberg's website. the front page of "the pittsburgh post-gazette" -- a look at some of the victims from one year ago and a story that will likely get a lot of attention in the week ahead. this is from "the detroit free press" -- you can get more...
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Dec 6, 2013
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we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted, and i quote, for extraordinary circumstances that are disappearing. no, no. these extraordinary circumstances continue adds indicated in the report issued just this morning by president obama's council of economic advisors, that highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances in a few words continue. the report also sets out the economic impact of a failure to act. it occurs with cbo, wall street analysts and other economists, that allowing the federal ui program to expire who cost our economy at least 200,000 jobs next year because of reduced consumer demand. for this congress to ignore the national economic impact would be shortsighted. to ignore the human, the individual human impact would be cold hearted. that is not the be
we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted, and i quote, for extraordinary circumstances that are disappearing. no, no. these extraordinary circumstances continue adds indicated in the report issued just this morning by president obama's council of economic advisors, that highlights that the current long-term unemployment rate...
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there will be no significant deficit or debt reduction period. this is steady as she goes, just keep on going the way we're going now and don't rock the boat and no shutdown. bill: wonder if that could even pass in the house. we'll see. the headline underneath it is what for consumers? >> long suffering air travelers will take a big hit. bill: really? >> yes. it is proposed one of the small details in this deal, there is likely a proposal to extract an extra $25.9 billion from air travelers over the next 10 years. eight billion of that would go to take care of security. 18 billion would go towards deficit reduction. but airline travelers who take the hit, bill. bill: didn't see that one coming. the president wants to extend unemployment benefits. is that a deal-maker or a deal-breaker? >> it could be a deal-breaker depending how hard the president pushes and how hard democrats push for it in the senate and in the house. at the moment, come january, 1.3 million people who are receiving unemployment benefits now will be cut off. the president wants
there will be no significant deficit or debt reduction period. this is steady as she goes, just keep on going the way we're going now and don't rock the boat and no shutdown. bill: wonder if that could even pass in the house. we'll see. the headline underneath it is what for consumers? >> long suffering air travelers will take a big hit. bill: really? >> yes. it is proposed one of the small details in this deal, there is likely a proposal to extract an extra $25.9 billion from air...
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we have a deficit that is following -- falling like a rock, and mortgage origination. the fed is not only a 500 pound gorilla in those markets, they are now the only gorilla in the jungle buying in those markets, and that is something they are concerned about as well. >> diane swonk, thank you for joining us. also, michael mckee, peter cook, and alix steel. we will be focused on this big drop we have seen in the jobless rate down to 7%. we will also get reactions to the jobs report from the ceo of pimco, mohamed el-erian, and the obama administration's reaction from labor secretary tom perez. ♪ >> well it seems like the whisper numbers were right. we got a huge surprise on the upside for jobs. to jobless rate went down 7%. i want to bring in someone who lives for jobs days. he loves these days because the data tells the story. tom keene is with us. you talk to bill gross. >> i want to make clear, this is a sport. just before the report i put out my last guess, and that was 200- 5000. >> who is bragging now? >> it is not my point, it is drew matus at ubs nailing the u
we have a deficit that is following -- falling like a rock, and mortgage origination. the fed is not only a 500 pound gorilla in those markets, they are now the only gorilla in the jungle buying in those markets, and that is something they are concerned about as well. >> diane swonk, thank you for joining us. also, michael mckee, peter cook, and alix steel. we will be focused on this big drop we have seen in the jobless rate down to 7%. we will also get reactions to the jobs report from...
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Dec 9, 2013
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from a serious deficit to a positive balance of more than a billion in three years. >> so should that be an explicit goal of both parties in washington, d.c., to get back to a balanced budget? >> yes, to a degree. i'll refer back to defense, for example. at the federal government level, we need to balance our priorities. now, whether the budget in any given year is balanced in the sense that both governor pawlenty and i have to do it at the state level is another matter for discussion. what we -- in balancing priorities, then we have to balance what our expenditures are in terms of what is the return from investment. so an absolute commitment to a balanced budget in accountancy terms may not be in the interests of the united states at a given balance expenditures against revenues and then be reasonable about what we are willing to invest in terms of getting revenues, just to be against taxes per se means to be against our own national interest. >> speaking of balance, we did have a guy who ran for office saying he would take a balanced approach if president obama won based on that. i
from a serious deficit to a positive balance of more than a billion in three years. >> so should that be an explicit goal of both parties in washington, d.c., to get back to a balanced budget? >> yes, to a degree. i'll refer back to defense, for example. at the federal government level, we need to balance our priorities. now, whether the budget in any given year is balanced in the sense that both governor pawlenty and i have to do it at the state level is another matter for...
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Dec 9, 2013
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the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is on our line for and dependents. -- for independents. caller: reducing some of the so sex expenses of means testing -- of the social security's of means testing. 50,000, and increasing the social security age by one year. thank you. guest: i think that sounds like a pretty good plan. i would vote for it. i think the long-term problems of social security have to be addressed by some combination of reduced benefits and that does not mean reduced absolute benefits, and new revenue. i think the combination you probably is where thin
the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is...
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cells with a two one win over fellow tend to speak helpful side to side get this taken me through a deficit of one penalty. and things around before the break when an airplane equalised with a grey and the like. when the then came from mike schools that will also sport from the penalty spot like the captain predicted that this was sent off for a second to none. the weekend results so far look like this got one for two against time about how spoke back to when it come but finds that last attempt a call sometime on sunday at the coast was well like take on britain. stay with us sunday champion. are you. the years. sure sweetie it. the team he was sixteen this keeps the second set nineteen ski team in each district to its gdp who graciously decided to start we didn't eat by the sea. i don't like effects. it tells its own pc the year. as the week starting ukraine was in the midst of its worst political crisis since the orange revolution almost a decade ago. demonstrators laid siege to government buildings. this issue the debate on the klitschko called for the resignation of president viktor you
cells with a two one win over fellow tend to speak helpful side to side get this taken me through a deficit of one penalty. and things around before the break when an airplane equalised with a grey and the like. when the then came from mike schools that will also sport from the penalty spot like the captain predicted that this was sent off for a second to none. the weekend results so far look like this got one for two against time about how spoke back to when it come but finds that last attempt...
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Dec 9, 2013
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you want to talk about the deficit. this will not go away. are people actually concerned about high deductibles? >> you certainly have a lot of republicans who will talk about it. there talking about the problems with healthcare.gov and they are also talking about the way the rubber meets the road. the prices that they are paying for premiums that are out there and the deductibles are going up as well. this is another talking point for them. they have criticized the health care law. we will have several members on capitol hill and this is one of the questions they will have to answer. rollout, theo the website is operating better. they will make this point over and over. >> lawmakers actually have a deadline of their own to sign up for the affordable care act. how is that going? >> there is actually a different website. technically, they are members of a small business. that is the congress of the united states. they are operating off of the d.c. exchange. the deadline is december 23. december 9 is the deadline for members of congress underst
you want to talk about the deficit. this will not go away. are people actually concerned about high deductibles? >> you certainly have a lot of republicans who will talk about it. there talking about the problems with healthcare.gov and they are also talking about the way the rubber meets the road. the prices that they are paying for premiums that are out there and the deductibles are going up as well. this is another talking point for them. they have criticized the health care law. we...
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Dec 10, 2013
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we're worried about the fact that even as the deficit drops long term debt obligations explode. >> if you were there you would try to work out a deal. listening to that comment is representative of where a lot of tea party members are which seems to be unwilling to give a little bit to get something that they may want in the long term. your approach is different. >> i'm not sure what his approach is. but the lunacy of all this is medicare and medicaid is what explodes and 20 years from now takes up every dime of our revenue and we got to figure out a smart, humane way to take care of people who retire 20 years from now so they have medicare, medicaid and social security. >> in texas there's a new tea party favorite hoping to join ted cruz. steve stockman announced he will challenge incumbent -- >> steve stockman. i know him. he's the guy that brings ted nugent to the state of the union address. >> i'll challenge john cornyn. stockman was not expected to do this. he with drew his election for the house and with drew his candidacy before the 6:00 p.m. dead lynn. he said he's running bec
we're worried about the fact that even as the deficit drops long term debt obligations explode. >> if you were there you would try to work out a deal. listening to that comment is representative of where a lot of tea party members are which seems to be unwilling to give a little bit to get something that they may want in the long term. your approach is different. >> i'm not sure what his approach is. but the lunacy of all this is medicare and medicaid is what explodes and 20 years...
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Dec 9, 2013
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sitting members of congress be ineligible for re-election if they don't beat search benchmarks, like the deficit being beneath a certain percentage of the gdp. it's a lot. >> or certain congressman who get a lot of air time like paul ryan and that's a taste of what we'll see pretty soon. ronan, thanks for stopping by today. today's producer pick comes to us from associate producer kristen bukaria. a georgia court has ordered a man to pay up for breaking his promise to marry. he owes his one-time fiance 50,000 large even though the man claims he never officially popped the question. you can read more by heading to thomas roberts facebook page. you've got to put a ring on it, nice tune. we'll be right back. ♪ if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to b
sitting members of congress be ineligible for re-election if they don't beat search benchmarks, like the deficit being beneath a certain percentage of the gdp. it's a lot. >> or certain congressman who get a lot of air time like paul ryan and that's a taste of what we'll see pretty soon. ronan, thanks for stopping by today. today's producer pick comes to us from associate producer kristen bukaria. a georgia court has ordered a man to pay up for breaking his promise to marry. he owes his...
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Dec 10, 2013
12/13
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resolutions and increasing the debt ceiling, these four suction to start dealing with our long-term debt and deficit. -- do not what i would say is we have the budget control act and if congressman ryan and senator murray cannot come up with some kind of good deal, i hope they at least has a clean continuing resolution. democratic senators voted for it and they should at least free that. i don't want to shut down the government. i don't think any republican does. >> bank of england governor mark carney spoke with charlie rose last night. i it's fair to say and hesitate to comment on other people's politics, but it is widely acknowledged here as well as in central banking circles that a series of decisions on the fiscal side, a series of steps and incentives, kicking the can down the road, but in the worst sense of the word because we have just gone through 2013, another disappointing year as i said in my speech today, with huge fiscal drag, almost two percentage points of gdp. that does not do anything to fix the longer-term fiscal problems, entitlement and others. you have a lot of the pain without
resolutions and increasing the debt ceiling, these four suction to start dealing with our long-term debt and deficit. -- do not what i would say is we have the budget control act and if congressman ryan and senator murray cannot come up with some kind of good deal, i hope they at least has a clean continuing resolution. democratic senators voted for it and they should at least free that. i don't want to shut down the government. i don't think any republican does. >> bank of england...
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Dec 5, 2013
12/13
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fiscal deficit. [applause] so that's step one towards restoring mobility, making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today, so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools that graduate more kids with the technical training and apprenticeships, and in-demand, high-tech skills that can lead directly to a good job and a middle-class life. we know it's harder to find a job today without some higher education, so we've helped more students go to college with grants and loans that go farther than before. we've made it more practical to repay those loans. and today, more students are graduating from college than ever before. we're also pursuing an aggressive strategy to promote innovat
fiscal deficit. [applause] so that's step one towards restoring mobility, making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today, so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools...